Tentrade Prop Firm Review: Is it legit? My personal experience.

Tentrade is a popular broker in Africa and Asia that also offers proprietary services. In this review, I will be dishing out the pros and cons of Tentrade as a prop firm only. 

Hardly can you see a prop firm that offers traders huge real capital to trade without passing through any evaluation challenges. And still charge a very low token as a fee to purchase these huge capitals. Tentrade really changed the game of prop firm industries, as they are the only prop firm so far that can offer instant funding with very low fees without any hidden charges.

Trading for a legitimate prop firm is the best and easiest way to become rich in the forex market. If trader A funds his account with $100 and makes 10% of the capital trading conservatively. The trader will end up with $10. But trader B uses $96 out of the $100 to purchase an account of $10,000 and makes 10% of the capital in a month. The trader will end up having $1,000. Have you seen that trading for a prop firm can make you richer than struggling with your small account.

In this article, I will be giving my honest review of Tentrade as one of the good and reliable prop firms.

What is Tentrade?

Tentrade is a broker that acts as a third party between a trader and the forex market. It also offers a funding program that gives retail traders a huge amount of capital to trade with. And one peculiar feature that makes them stand out from other prop firms is that they offer traders real accounts, and traders don’t need to pass through any challenges. You purchase the real account at once and start trading.

How To Create An Account With Tentrade:

1. To open an account with Tentrade, >>Click here<< to be redirected to their official website.
2. Input your name, country, gender, email, and a very strong password, which you will use to login to your Tentrade account.
3. A congratulatory and confirmatory email will be sent to you. You can now login to your tentrade account and start trading either on your own personal account or getting a funded account from the broker.

Is Tentrade A Prop Firm Or A Broker?

Tentrade is a brand name of Evalanch Ltd. it is one of the best brokers that also offers other trading services like funding programs. This makes Tentrade a broker and also a prop firm. If you are looking for a prop firm that can fund you with huge real capital without passing through any evaluation challenges, then I recommend Tentrade.

How does Tentrade prop firm work?

Tentrade prop firm works by providing a huge trading capital for retail traders to trade with, with the motive of stepping up their trading career.  Tentrade prop firm can be categorized into two (2)

1. Evaluations TenExpress Challenge

2. Instant Funding

EVALUATION TENEXPRESS CHALLENGE.

In Evaluation TenExpress, the features include 

1. Profit Target: The profit target in TenExpress evaluation is 10%. Once you get the 10% of the account given to you, Tentrade will automatically fund you with a real account to start trading.

2. Evaluation phases: TenExpress evaluation only has one phase. Once you pass the one phase and get the profit target of 10%, you will be funded instantly; no second challenge ahead.

3. Daily Drawdown: The daily drawdown in TenExpress varies according to the account you wish to purchase. The higher the price you are purchasing, the lower their daily drawdown. For $3,000, $10,000, and $30,000 have a daily drawdown of 6%. While $90,000, $270,000, and $500,000 have a daily drawdown of 3%.

4. Overall Drawdown: Just like in daily drawdown. The overall drawdown in TenExpress also varies according to the account you want to purchase. The higher the price you want to purchase, the lower the drawdown. For $3,000, the overall drawdown is 9%. For $10,000, the overall drawdown is 8%. For $30,000, the overall drawdown is 7%. While $90,000, $270,000, and $500,000 have an overall drawdown of 5%.

5. Minimum Trading Days: The minimum trading days are 5 days. This means that even if you pass any of the evaluation accounts Within 2 or 3 days, as long as you did not trade on the account for up to 5 days, you won’t get funded by Tentrade. You need to trade on the account for a minimum of 5 days.

6. Maximum Trading Days: There are no maximum trading days. You have the luxury of time to trade on your account, pass it, and place your withdrawals.

7. Payout: The Tentrade payout is categorized into two: the monthly payouts and the accelerated payout.

In monthly payout, you receive your withdrawals on monthly basis if you didn’t break any rules.

In accelerated payout, this is where you get payout once you get 10% of the capital given to you. No monthly basis. Once you get 10% of the capital, you can ask for withdrawals.

8. Scaling up: This means scaling from the account given to you to the next higher account. You can scale from $10,000 to $30,000 in TenExpress evaluation. To scale up your account, you must get 10% profit from the capital given to you. And it is either you scale up with the 10% profit or you ask for withdrawals. You can’t do both at once.

9. Profit Split: Profit share in TenExpress evaluation is 70/30. This means that you, as a trader, will take 70% while the remaining 30% goes to the prop firm. 70% profit split looks small since there are many prop firms that can offer 80-90% profit split. But let’s keep reviewing until we get to Instant Funding; I think that’s where Tentrade juicy packages are.

10. Leverage: Leverage is 1:100, which is good.

11. Expert Advisor: Yes. The use of bots can only be allowed on live accounts. No bot is allowed during the evaluation phase.

12. Trade Copiers: Trade Copiers are not allowed in TenExpress evaluation. But you can only use trade copiers if you are copying trades from the Tentrade brokers themselves.

13. Weekend holding: Yes

14. News trading: Yes 

INSTANT FUNDING: 

Unlike TenExpress, where you don’t need to pass any challenge before you get funded. All you need to do is purchase the account with a little fee and start trading instantly. Withdraw your profits once you hit your profit target. This is exactly where Tentrade changed the game. So far, I have not seen any prop firm that has the instant funding features that Tentrade has, especially their cheap price tags. These are the features of instant funding.

1. Profit Target: There is no profit target on instant funding. Take your time and trade as much as you want. Then ask for withdrawals anytime you wish.

2. Evaluation Phase: No evaluation phase. Just purchase and start trading.

3. Daily Drawdown: The daily drawdown is the minimum amount you can lose on a particular account given to you on a particular day. This drawdown varies according to the account you are purchasing. The higher the account, the lower the daily drawdown. For $3,000, $10,000, and $30,000, the daily drawdown is 7%. While the $90,000, $270,000, and $500,000 have a daily drawdown of 3%.

4. Maximum drawdown: Maximum drawdown means the overall loss you can take on that account. Maximum drawdown also varies according to the account you are purchasing. For $3,000, the maximum drawdown is 9%. For $10,000, it’s 8%; for $30,000, the maximum drawdown is $7%. While the remaining $90,000, $270,000, and $500,000 have a maximum drawdown of 5%.

5. Minimum Trading Days: Minimum trading days means the lowest time you meant to trade before seeking withdrawals. The minimum trading days in Instant Funding also depend on the account you want to purchase. For $3,000, $10,000, $30,000, and $90,000 have 5 minimum trading days. While the remaining $270,000 and $500,000 have 10 minimum trading days.

6. Payout: Tentrade payout is categorized into two: the monthly payouts and the accelerated payout.

In monthly payments, you receive your withdrawals on a monthly basis.

In accelerated payout, this is where you get payout once you get 10% of the capital given to you. No monthly basis. Once you get 10% of the capital, you can ask for withdrawals.

7. Scaling up: Just like TenExpress, this means scaling from the account given to you to the next higher account. You can scale from $10,000 to $30,000 in TenExpress evaluation. To scale up your account, you must get 10% profit from the capital given to you. And it is either you scale up with the 10% profit or you ask for withdrawals. You can’t do both at once.

8. Profit Split: Profit share on instant funding is 70/30. This means that you, as a trader, will take 70% while the remaining 30% goes to the prop firm. 
9. Leverage: Leverage is 1:100, which is good.

10. Expert Advisor: Yes. The use of bots can only be allowed on live accounts. But not a high-frequency bot. Higher-frequency bots are bots that can not hold trade for a minute.

11. Trade Copiers: Trade Copiers are not allowed on Instant Funding. But you can only use trade copiers if you are copying trades from the Tentrade broker itself.

12. Weekend holding: Yes

13. News trading: Yes 

Tentrade Prop Firm Pricing:

For TenExpress Evaluation Challenge, the pricing includes:

$43 for $3,000

$110 for $10,000

$330 for $30,000

$990 for $90,000

$1097 for $270,000

$1650 for $500,000

For instant Funding, the pricing includes:

$100 for $3,000

$300 for $10,000

$900 for $30,000

$2,970 for $90,000

$5,500 for $270,000

$11,000 for $500,000

What Are The Rules Of Tentrade Prop Firm?

The rules in Tentrade vary according to the package you wish to purchase. Just as I have explained above, the rules in the TenExpress evaluation challenge are different from the rules in Instant Funding.

Is Tentrade Prop Firm Regulated?

Yes, Tentrade prop firm is regulated. Tentrade is a broker and also a prop firm, Tentrade as a broker is regulated and licensed by the Seychelles Financial Service Authority.

Between TenExpress And Instant Funding, Which One Is Better?

Honestly, 70% profit split in TenExpress is poor; prop firms like FundedNext offer up to 90% profit split.

Instant Funding is the best to me as far as Tentrade Prop Firm is concerned. The features that Tentrade instant funding has, I don’t think  any other prop firms have beat them so far, especially in the price tags.

FundedNext Review; is it legit?

Is Tentrade Prop firm Worth It?

Yes, the Tentrade prop firm is worth it. If you are looking for a prop firm that will fund you with a life account without passing through any evaluation challenges, I will recommend Tentrade for you.

Does Tentrade Have a Good Customer Services?

Tentrade broker offers the best customer support. They are always ready to attend to complaints and work towards resolving them. You can reach them through phone calls, chats, emails, etc.

What Trading Assets Does Tentrade Offer?

Tentrade is a multi-assets broker with multiple trading instruments like stocks, currency pairs, crypto, commodities, indices, etc. And one can trade all this assets on their Prop firm.

What Does The Tentrade Consistency Rule Mean?

The Tentrade Consistency Rule helps to regulate traders’ risks as the trader makes profit from the prop firm.

For consistency rules, it is when you use conservative lot sizes on your trades. You can reduce your lot size to 50% from the starting lot size. And increased it as high as 200% from the starting lot size.

E.g., of a consistent lot size: 0.05, 0.05, 0.07, 0.08, 0.08, 0.09, 0.1, etc. If you pass your challenge using this pattern of consistent and conservative lot size, then you will have no issues during your withdrawals.

For inconsistency rules, this is when the lot size isn’t organized and it’s showing a high tendency of the trader trying to flip an account.

E.g., of an inconsistent lot size: 0.02, 0.01, 2, 0.01, 0.01 etc. If you pass an account with this kind of lot size, it shows that you used 2 lot’s size to flip and pass the account, then use the remaining lot’s size to fill up the remaining 5 trading days. If you use this kind of inconsistency lot size, Tentrade may give you some issues during your withdrawals.

Which Trading Platform Can I Trade With Tentrade Prop Firm?

Forex services offered by Tentrade can be accessed on some trading platforms, like TradingView and Metatrader5, for both mobile apps and web trading platforms.

What Will Happen If I Pass The Tentrade Evaluation Phase?

If you pass the evaluation challenges, Tentrade will fund you with a real account. This account will be yours forever. You keep trading and making withdrawals from it.

What Will Happen If I Breach The Drawdown On My Tentrade Real Account?

If you breach the daily or maximum drawdown on your real funded account, Tentrade will take the account away from you. This will make you start again from purchasing and passing the evaluation challenge to be able to get funded. So go conservatively even when you have finally gotten your real funded account.

What Happens If I Do Not Pass The Evaluation Challenge?

If you are unable to pass the evaluation challenge, the fee that you paid to purchase the account will not be refunded to you.  

Is Tentrade Legit?

Yes, Tentrade is a legit broker that also offers a funded program. Tentrade fund traders with huge capital and pay within the average of 24 hours once a trader asks for withdrawal.

Is Tentrade Prop firm Regulated?

Yes, Tentrade Prop Firm is regulated, and Tentrade as a broker is regulated and licensed by the Seychelles Financial Service Authority.

Does Tentrade Offer Good Security For My Funds?

Tentrade offers high security measures to ensure that its customers are always on a safer side. Tentrade always sends one a confirmatory email to confirm any action that is about to take place in one’s account. They ensure that customers always use a very strong password while opening an account with them. Also, customers’ funds are held in a segregated account in AA  graded bank, using the highest level of protection.

How Long Does It Take Tentrade To Review My Account After Passing A Particular Challenge?

It takes Tentrade 24 to 48 hours to review your account to either fund your real account or process your withdrawals.

What Are Tentrade Methods Of Deposit And Withdrawal?

The methods of depositing and withdrawing are simple and popular. These methods include card, online banking, crypto, Neteller, Skrill, PayPal, etc. It is very important to know that the method you used for depositing will be the same method you will use for your withdrawals.

PROS: The Things I Liked About Tentrade 

1. High speed of execution within milliseconds with no rejection.

2. Client funds are held in a segregated account in AA graded bank, using the highest level of protection.
3. Little or no commission

4. Leverage is up to 1:500, which can maximize your profits and losses. So always apply good risk management.

5. Tentrade offers a demo account to try out your strategy before depositing real money.

6. A very tight spread.

7. Smooth deposits and withdrawals.

8. Best customer service.

9. Offer copy trading for those who can’t trade by themselves.

CONS: The Things I Don’t Like About Tentrade.

1. Tentrade is not yet found in MT4. But you can trade on mt5

Conclusion: Tentrade Prop firm Review.

Tentrade is a legitimate broker that also offers a proprietary firm. If you are looking for a prop firm that will fund your account with big capital without passing through evaluation challenges, then I will recommend Tentrade for you. Tentrade services are top-notch, and their features on instant funding make them stand out from other Prop firms. But if you want to go for a Prop firm with a higher profit split, you can check out my review on FundedNext.